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Alias Born | 08/12/2011 |
Friday, October 29, 2021 11:39:05 AM
Let's say A bids at 0.03 and is happy that he/she gets it. Next day B bids at 0.285 and happily gets it only to leave A a bag holder.
Now, the next day C does bid lower and make A and B unhappy bag holders and the cycle goes on.
This process of forcing the price going down can easily cripple the company financially and force them to keep issuing more shares because they now have to rely MORE on toxic financing.
A real ABQQ shareholder either buys at the ASK to increase the stock price (and their investment value) OR just hold and wait for ASK slapping when good news are out.
This is not aimed at anyone. It is just the way I see it. I have seen how "serial lower bidding buys" ruin companies and the mom-n-pop investments many times.
Yes, MMs manipulate the same process but they cannot keep doing it if there is no scared or greedy buyer to support their actions over time.
$ABQQ is a low-float and revenue generating business. Let's give it time to mature their NFT business.
Recent ABQQ News
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